The inflation rate in Faroe Islands was recorded at 1.7 percent in the third quarter of 2018. Inflation Rate in Faroe Islands averaged 1.05 percent from 2002 until 2018, reaching an all time high of 7.90 percent in the third quarter of 2008 and a record low of -3.10 percent in the third quarter of 2009.

Faroe Islands Inflation Rate
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Faroe Islands Prices Last Previous Highest Lowest Unit
Consumer Price Index Cpi 119.90 118.80 121.40 99.30 Index Points [+]
Food Inflation 0.30 0.50 8.70 -1.60 percent [+]
Inflation Rate 1.70 0.60 7.90 -3.10 percent [+]
Inflation Rate Mom 0.10 0.20 2.20 -1.30 percent [+]


Faroe Islands Inflation Rate

In Faroe Islands, the most important categories in the consumer price index are food and non-alcoholic beverages (20 percent of total weight), housing and utilities (18 percent), transport (14 percent), and recreation and culture (11 percent). Miscellaneous goods and services account for 8 percent; furnishing and household equipment for 8 percent; and clothing and footwear for 6 percent. The index also includes: communication (5 percent); alcoholic beverages and tobacco (5 percent); restaurants and hotels (3 percent); and health (2 percent). This page provides - Faroe Islands Inflation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news. Faroe Islands Inflation Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.70 0.60 7.90 -3.10 2002 - 2018 percent Quarterly
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Country Last Previous
Argentina 45.50 Oct/18
Turkey 21.62 Nov/18
South Africa 5.10 Oct/18
Mexico 4.72 Nov/18
Brazil 4.05 Nov/18
Russia 3.80 Nov/18
India 3.31 Oct/18
Indonesia 3.23 Nov/18
United States 2.50 Oct/18
Canada 2.40 Oct/18
Saudi Arabia 2.40 Oct/18
United Kingdom 2.40 Oct/18
Germany 2.30 Nov/18
China 2.20 Nov/18
Euro Area 2.00 Nov/18
Netherlands 2.00 Nov/18
South Korea 2.00 Nov/18
Australia 1.90 Sep/18
France 1.90 Nov/18
Italy 1.70 Nov/18
Spain 1.70 Nov/18
Japan 1.40 Oct/18
Switzerland 0.90 Nov/18
Singapore 0.70 Oct/18


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